The performance of Steem regarding the price differs every day. To make the best decision to buy Steem, we are analysis in this article the performance of Steem on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on October 30th, 2022 to November 30th, 2022.
In the barchart below, the weekdays and average performance of Steem are shown side by side.
According to the performance of Steem between October 30th, 2022 and November 30th, 2022, Steem performed the best on Fridays. On average, the price of Steem increased 1.95% on Friday.
The weekday on which the Steem performed the worst, is Monday. On Mondays, the Steem declined in value on average by -1.29%.
Steem weekday performance
On an average Sunday, the Steem increased 0.58%. However, since the expected deviation is 0.59%, the Steem will decline in value on a Sunday quiet regularly. The expected price change of the Steem on a Sunday is between -0.02% and 1.17%.
The Steem declines in value on an average Monday with -1.29%. However, the uncertainty (or standard deviation) is quite large, namely 1.48%. This means that it is not possible to say whether on a regular Monday the Steem will increase or decrease in value.
On an average Tuesday the Steem shows an increase in value of 1.39%. However, the change of Steem on most of the Tuesdays is between -0.57% and 3.34%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Steems.
Steem increased in value on an average Wednesday only slightly. The average increase in value of the Steem was 0.26%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.91%). This means that on 68 percent of the Wednesdays, the change in price of the Steem is expected to be in the range of -0.65% and 1.17%.
On an average Thursday the Steem shows an increase in value of 1.84%. However, the change of Steem on most of the Thursdays is between -0.94% and 4.61%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Steems.
On an average Friday the Steem shows a high increase in value, namely 1.95%. The standard deviation is below the average increase percentage (standard deviation is 1.57%), meaning that on 68% of the Fridays the Steem will increase with a percentage between 0.38% and 3.52%. This also means that, on average, on 16 percent of the Fridays, the Steem will increase with a percentage above this range. On the other 16% of the Fridays, the Steem will change with a percentage below the 0.38%.
Allthough the Steem decreases in value with -0.51% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Saturdays is 1.82%. This means that the expected change of the value of Steem is between -2.33% and 1.31% on 68 out of 100 Saturdays.
Steem weekday performance details
Find below the details of the performance of Steem per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.
|Weekday||Average change (%)||Standard deviation (%)||68% range|
|Sunday||0.58%||0.59%||-0.02% to 1.17%|
|Monday||-1.29%||1.48%||-2.77% to 0.19%|
|Tuesday||1.39%||1.95%||-0.57% to 3.34%|
|Wednesday||0.26%||0.91%||-0.65% to 1.17%|
|Thursday||1.84%||2.78%||-0.94% to 4.61%|
|Friday||1.95%||1.57%||0.38% to 3.52%|
|Saturday||-0.51%||1.82%||-2.33% to 1.31%|